November 21, 2019 at 11:46PM The US Dollar continues to oscillate between its 50-day and 200-day simple moving averages amid heightened uncertainty regarding where US-China trade talk progress truly stands. Continue Reading… […]
NEWS: Japan headline inflation data for October misses, core-core beats November 21, 2019 at 11:32PM
The headlines National CPI comes in at 0.2% y/y, – expected 0.3%, prior was 0.2% National CPI y/y excluding Fresh Food is 04% y/y – expected 0.4%, prior was 0.3% National CPI […]
Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’
November 21, 2019 at 11:01PM Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’ Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/currencydoldrums-spur-complacency-risk-that-could-destroy-profits-2025797 Selected by fonecable.com Search Web: Currency Doldrums Spur Complacency Risk That Could […]
NEWS: Reuters reports two US Navy ships carried out operations in the South China Sea this week November 21, 2019 at 11:07PM
Two separate freedom of navigation operations carried out. China is seeking to expands its role in the South China Sea. The US (and other) navies are sailing through on these operations. Its […]
NEWS: Here’s a bank view I (insert four letter word here) is right November 21, 2019 at 11:00PM
Analysts at Citi outline a scenarios where FX volatility rises. Yeah, I hope they’re right! (Hope being the 4 letter word in the headline) Citi’s reasoning (in very brief) goes along the […]
NEWS: US President Trump signs bill to fund government through to Dec. 20 – averting shut down November 21, 2019 at 10:58PM
An administration official with the announcement. Its a stop gap funding bill, but good news for government workers ahead of Christmas. ForexLive Continue Reading:… Search Web: US President Trump signs bill to […]
NEWS: Here are the noobs on the FOMC in 2020 November 21, 2019 at 10:28PM
There is a rotation of Federal Reserve regional bank presidents for voting positions on the Federal Open Market Committee each year. The board of governors does not change, just the regional ban […]
NEWS: Australia flash Nov. PMIs. Manufacturing 49.9 (prior 50.0) & Services 49.5 (prior 50.1) November 21, 2019 at 10:08PM
Australian CBA Markit preliminary PMIs for November Manufacturing 49.9 – prior 50.0 Services 49.5 – prior 50.1 Composite 49.5 – prior 50.0 All three drop into contraction. New orders and employment sub-indexes […]
Gold Dips as U.S.-China Trade Yo-Yo Hits Market Again
November 21, 2019 at 09:52PM Gold Dips as U.S.-China Trade Yo-Yo Hits Market Again Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/gold-dips-as-uschina-trade-yoyo-hits-market-again-2025750 Selected by fonecable.com Search Web: Gold Dips as U.S.-China Trade […]
NEWS: Trade ideas thread – Friday 22 November 2019 November 21, 2019 at 09:48PM
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Continue Reading:… Search […]
NEWS: Former Fed Chair Yellen warns the Fed can’t do much in the event of a down turn November 21, 2019 at 09:45PM
Federal Reserve Chair Janet Yellen spoke at a business forum on Thursday Via CNBC, some key points she made: – U.S. economy is in "excellent" shape but facing several risks. Here is […]
NEWS: Japan inflation data for October due Friday – will the sales tax hike boost it to 2%? (LOL, no) November 21, 2019 at 09:22PM
There was a retail sales tax hike on October 1 which should have given the CPI reading for that month a boost. Long story short is it has given it a boost, […]
Bitcoin (BTC) Price Plunges to Support, Will Bulls React?
November 21, 2019 at 09:00PM Bitcoin fell further on Thursday, plummeting to support near $7,100 – a level that previously sparked a relief rally. Will bulls look to react similarly this time […]
NEWS: ForexLive Americas FX news wrap: Poloz pours cold water on rate cut talk November 21, 2019 at 09:02PM
Forex news for North American trade on November 21, 2019: Markets: The euro and pound were at the highs of the day as New York rolled in but the theme from there […]
NEWS: Here is what’s on the economic calendar in Asia for Friday 22 November 2019 November 21, 2019 at 09:01PM
A few preliminary PMIs along with Japanese inflation data 2200 GMT Australia CBA / Markit preliminary PMIs for November – Manufacturing prior 50.0 – Services prior 50.1 Continue Reading:… Search Web: Here […]
NEWS: ECB DeGuindos: Risks remain to the downside November 21, 2019 at 08:15PM
DeGuindos speaking in Madrid. ECB Vice Pres. Luis DeGuindos is on the newswires saying: DeGuindos has little bit of something for everybody in his comments. Continue Reading:… Search Web: ECB DeGuindos: Risks remain to […]
NEWS: EURUSD has a final run to a new lows and bounces, but range for week is tiny. November 21, 2019 at 08:09PM
For the 2nd week in a row, we go into the final day of the week with the lowest trading range in over 17 years Last week we stood at 54 pips […]
Canadian Dollar Outlook: USD/CAD Stretch to Monthly Highs at Risk
November 21, 2019 at 08:00PM The Canadian Dollar may be ready to mount a counter-offensive as the US Dollar rally tests uptrend resistance. Here are the levels that matter on the USD/CAD […]
NEWS: USD/CAD range narrows as the pair consolidates after drop November 21, 2019 at 07:47PM
Poloz hinted that he’s happy with rates In the past week, the market got excited about the potential for rate cuts. I would argue that was from a mis-read of the headlines. […]
NEWS: AUDUSD test the week’s lows. November 21, 2019 at 07:12PM
The November low at 0.6769 The AUDUSD is testing the low for the week at 0.6784-857 (just trading below as I type). The pair has been up and down today. Continue Reading:… […]
NEWS: Trump considers new trade investigation to justify tariffs on EU November 21, 2019 at 07:05PM
No auto tariffs for now, but more tariffs could be coming From Politico: Trump administration officials are considering whether to start a new trade investigation against the European Union as the window […]
NEWS: No USMCA deal today, House Ways and Means Chairman says November 21, 2019 at 06:57PM
Richard Neal says no deal after meeting with Lighthizer The negotiations over the new NAFTA deal continue. Neal says discussions will continue and that it’s still possible to get a deal through […]
NEWS: Hu Xijin: US can’t decide when and how to end trade war November 21, 2019 at 06:50PM
Comments from the Global Times editor Tweet from Hu Xijin, who is often viewed as a mouthpiece for Beijing: The US has the upper hand in US-China trade war, which allows it […]
NEWS: Base-case still for Fed to stay on hold in December and through 2020 – Citi November 21, 2019 at 06:42PM
Citi on the Fed outlook Citi discusses the Fed policy trajectory in light of yesterday’s FOMC minutes from the October meeting. "Minutes from the October 30th FOMC released overnight are broadly consistent with […]
NEWS: Michael Bloomberg has filed paperwork for Presidential run but aide says he’s still undecided November 21, 2019 at 06:28PM
The billionaire mulls a run He filed some state paperwork recently and has long employed a political staff. This is no surprise but he’s a longshot. He’s built an amazing business and […]
NEWS: US sells 10-year TIPS at +0.149% November 21, 2019 at 06:06PM
Slightly stronger auction than expected The US sold 9-year, 8-month TIPS in a reopening at +0.149% above inflation. US 10-year on-the-run notes are at 1.77% so that pegs expected inflation at 1.62% […]
NEWS: China Global Times Xijin: US lawmakers have gone blind altogether November 21, 2019 at 05:51PM
Editor of China Global Times Hu Xijin Meanwhile the editor of the China Global Times, Hu Xijin is also tweeting in regard to the US Hong Kong bill: ForexLive Continue Reading:… Search Web: China […]
NEWS: Edward Lawrence FoxBusiness: Pelosi says ball is in Administrations court November 21, 2019 at 05:47PM
FOXBusiness’s Edward Lawrence FOXBusiness’s Edward Lawrence is tweeting that: House Speaker Nancy Pelosi just told me the ball is in the administrations court and USMCA to put protections inside the deal. Out of the meeting with […]
NEWS: Crude oil trades at the highest level in nearly 2 months November 21, 2019 at 05:32PM
Highest level since September 24 The move today took the price above its November high at $58.09. Recall that the price of crude oil traded above and below its 200 day moving […]
NEWS: Bitcoin tumbles lower. Looks toward a test of the October low November 21, 2019 at 05:03PM
Current price is down about $500 on the day The price of bitcoin on the Coinbase exchange (7 day work week), is trading down around $500 at $7584.80. The low for the day reached $7374.50. The high […]
NEWS: GBPUSD trades to new session lows November 21, 2019 at 04:38PM
Late Europe/London selling pressure The GBPUSD has crack to new session lows as European/London traders look toward the end of day. In the process, the pair has moved below the 100 hour moving average […]
NEWS: European equity close: Modest decline with UK leading the way November 21, 2019 at 04:37PM
Closing changes for the main European bourses: The FTSE 100 fell to the lowest since October 23 today. ForexLive Continue Reading:… Search Web: European equity close: Modest decline with UK leading the […]
Oil Price Outlook: Crude Surges 6% in Two Days – WTI Resistance Ahead
November 21, 2019 at 04:30PM Crude oil prices reversed sharply this week with a two-day rally taking price to fresh two-month highs. Here are the levels that matter on the WTI weekly […]
NEWS: Israel’s Netanyahu will stand trial for bribery and fraud November 21, 2019 at 04:31PM
Former PM to face trial A prosecutor had decided to indict him on three corruption charges — bribery, fraud and breach of trust. The accusations are old news but Israeli politics are […]
NEWS: Pelosi: Even if there’s agreement on USMCA, may not be time for bill this year November 21, 2019 at 04:17PM
Pelosi talks about the new NAFTA deal She had previously promised (or hoped?) to get it done this year. In any case, I don’t think the deal is a market mover. It’s […]
NEWS: Oil jumps to two-month high in impressive turnaround November 21, 2019 at 03:52PM
Two-day drop followed by a two-day rally Oil touched the highest since Sept 24 in the early hours of trading on Monday then took a nearly 6% nosedive, in part due to […]
NEWS: EURUSD cracks below the 100 and 200 bar MA on the 4-hour November 21, 2019 at 03:42PM
Also falls below the 100 hour MA and trend line support. see earlier post here However, the current bar has been able to move below those moving averages as well as the […]
NEWS: Mester says Fed in ‘really good spot’ following three rate cuts November 21, 2019 at 03:41PM
Comments from Mester to reporters: This is the status-quo line from the Fed right now. They don’t want the market to price in any rate moves but that cold all blow up […]
NEWS: S&P slides lower after the recent SCMP headlines November 21, 2019 at 03:30PM
100 hour MA at 3092.22 The S&P is sliding lower after the latest South China Morning Post headlines (). CLICK HERE The index is now down about 10 points at 3098.40. The low price extended to 3096.79. […]
NEWS: A high-profile signing ceremony of Hong Kong bill would anger China – report November 21, 2019 at 03:23PM
SCMP report Congress passed the Hong Kong Human Rights and Democracy Act yesterday and Trump is expected to sign the bill shortly. The SCMP that Beijing is watching closely. While they fully […]
NEWS: Fed’s Kashkari: US consumer is still strong November 21, 2019 at 03:20PM
Kashkari speaks in a Q&A: ForexLive Continue Reading:… Search Web: Fed’s Kashkari: US consumer is still strong
NEWS: Audio recap: US-China YoYo fest keeps on truckin November 21, 2019 at 03:14PM
What’s moving markets today Currencies have been trying to move up against the Buck, though the price action has been quite tame and FX traders continue to sit back and wait for […]
NEWS: US leading index for October at -0.1% versus -0.2% estimate November 21, 2019 at 03:03PM
Prior month revised to -0.2% from -0.1% ForexLive Continue Reading:… Search Web: US leading index for October at -0.1% versus -0.2% estimate
NEWS: Eurozone November advance consumer confidence -7.2 vs -7.3 expected November 21, 2019 at 03:00PM
November consumer confidence data: ForexLive Continue Reading:… Search Web: Eurozone November advance consumer confidence -7.2 vs -7.3 expected
NEWS: US October existing home sales 5.46m vs 5.49m expected November 21, 2019 at 03:00PM
US October existing home sales data Housing is showing some signs of leveling off after a rate-fueled rebound starting in June/July. The rate-sensitivity of housing has been remarkable in the past two […]
Bitcoin Price Jumped 42% Last Time It Hit This Level, and BTC Has Tapped It Again
November 21, 2019 at 02:54PM Late last month, Bitcoin (BTC) saw a jaw-dropping trading session, with the cryptocurrency’s price gaining 42% in a 24-hour time frame; this was BTC’s best daily performance […]
NEWS: The USDCAD is testing a ceiling (now a floor) November 21, 2019 at 02:50PM
Key test for the bulls and bears The USDCAD has moved lower on the less dovish comments from BOC Poloz. Earlier this week, BOC’s Wilkins was a more dovish in the eyes […]
NEWS: US stocks open up near unchanged levels November 21, 2019 at 02:33PM
Little changes in the major indices at the opening The major US stock indices are opening with little changes. The snapshot of the indices currently shows: Continue Reading:… Search Web: US stocks open up near […]
NEWS: GBPUSD extends higher but runs into recent highs on hourly chart November 21, 2019 at 02:25PM
Still a modest correction off the highs. The GBPUSD has extended higher off technical support, through resistance and up to most recent highs on the hourly chart. Continue Reading:… Search Web: GBPUSD […]
Coffee Wave Analysis – 21 November, 2019
November 21, 2019 at 02:23PM Coffee broke key resistance level 110.00 Likely to rise to 114.61 Coffee today broke sharply above the key resistance level 110.00 (which stopped the previous impulse wave […]
USDCAD Wave Analysis – 21 November, 2019
November 21, 2019 at 02:22PM UPS falling inside impulse wave C Likely to fall to 1.3300 UPS continues to fall inside the sharp impulse wave C of the short-term ABC correction (ii) […]
USDCAD Wave Analysis – 21 November, 2019
November 21, 2019 at 02:21PM USDCAD broke resistance trendline Likely to rise to 1.3300 USDCAD recently broke though the resistance trendline from the end of May – which accelerated the active impulse […]
NEWS: BOC’s Poloz says he thinks monetary conditions are ‘about right’ November 21, 2019 at 02:16PM
Less dovish comments from Poloz Canadian dollar jumps. Bank of Canada Governor Stephen Poloz said he thinks that monetary conditions are "about right" given the situation. He spoke at a fireside chat […]
EUR/USD Fails at Resistance, USD/CAD Eyes BoC – US Market Open
November 21, 2019 at 02:00PM Dip buyers keep GBP/USD support, while EUR/USD rejects 1.10. CAD looks to BoC Governor Poloz speech Continue Reading… From: Justin McQueen Selected by fonecable.com Search Web: EUR/USD […]
NEWS: EURUSD moves back below the 200 day MA November 21, 2019 at 02:00PM
After closing above for an hourly bar, the EURUSD is trading back below the key MA The earlier moves above the MA failed quickly. In the last hourly bar, the price closed […]
NEWS: Risk trades boosted by report saying that even if there’s no trade deal, Dec 15 tariffs will be delayed November 21, 2019 at 01:51PM
Neither side wants Dec 15 tariffs to go into effect Tariffs on Chinese consumer goods slated to go into effect on December 15 will likely be delayed even if both sides can’t […]
NEWS: November Philly Fed +10.4 vs +6.0 expected November 21, 2019 at 01:32PM
The results of the Philadelphia-area manufacturing survey: The headline is good but that’s a worrisome drop in new orders. ForexLive Continue Reading:… Search Web: November Philly Fed +10.4 vs +6.0 expected
NEWS: Canada ADP October employment -22.6K vs +28.2K prior November 21, 2019 at 01:31PM
Canadian employment data from ADP ForexLive Continue Reading:… Search Web: Canada ADP October employment -22.6K vs +28.2K prior
US Dollar Technical Outlook: GBP/USD, AUD/USD, USD/CAD
November 21, 2019 at 01:34PM The US Dollar has been relatively quiet so far this week. But potential for volatility remains with a number of themes in the headlines. Continue Reading… From: […]
Hong Kong’s Wealthy Aren’t Giving Up on the City Just Yet
November 21, 2019 at 01:29PM Hong Kong’s Wealthy Aren’t Giving Up on the City Just Yet Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/hong-kongs-wealthy-arent-giving-up-on-the-city-just-yet-2025264 Selected by fonecable.com Search Web: Hong Kong’s Wealthy […]
NEWS: US initial jobless claims 227K versus 218K estimate November 21, 2019 at 01:30PM
Initial jobless claims for the week of November 16 ForexLive Continue Reading:… Search Web: US initial jobless claims 227K versus 218K estimate
NEWS: The GBP is the strongest and the CAD is the weakest as NA traders enter November 21, 2019 at 01:20PM
The USD is tilting lower As North American traders enter for the day, the GBP is the strongest of the major currencies, while the CAD is the weakest. The USD is tilting more to the […]
Bit-comment: Bitcoin dipped under 8K
November 21, 2019 at 01:06PM Bitcoin has sagged more than 2% in the last 24 hours and sank under $8K and major signal line MA200. Throughout the day, the price dynamics of […]
NEWS: ECB: Strong call for unity was made at October meeting November 21, 2019 at 12:30PM
ECB releases its account of its October monetary policy meeting – Frank discussions necessary but it is important to form consensus – And to unite behind inflation goal ForexLive Continue Reading:… Search […]
NEWS: ForexLive European FX news wrap: Risk mood recovers slightly on trade hope November 21, 2019 at 11:51AM
Forex news from the European morning session – 21 November 2019 Headlines: Markets: – NZD leads, CAD lags on the day – European equities lower (off earlier lows); E-minis down 0.1% Continue […]
NEWS: OPEC+ reportedly said to have no plans to deepen output cuts in December meeting November 21, 2019 at 11:11AM
Reuters reports, citing two sources on the matter I don’t think this really comes as much of a surprise to anyone as this is pretty much the baseline expectation going into the […]
Japan’s yen gains, yuan down on trade woes, Hong Kong strife
November 21, 2019 at 08:44AM Japan’s yen gains, yuan down on trade woes, Hong Kong strife Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/yen-gains-yuan-down-as-trade-woes-hong-kong-strife-sap-risk-appetite-2024889 Selected by fonecable.com Search Web: Japan’s yen gains, […]
NEWS: Another round of US-China face-to-face talks will be one involving very high stakes November 21, 2019 at 10:47AM
It will almost certainly be a make or break moment for the "Phase One" deal ForexLive Considering how the optimism has died down since the Washington meeting last month, it is hard […]
OECD Report: 2020 Global Growth Outlook Edging Lower, Again
November 21, 2019 at 10:40AM The latest OECD report shows global growth flat this year but nudging down to 2.9% from a prior 3.0% in 2020. Continue Reading… From: Nick Cawley Selected […]
NEWS: Risk trades pare losses on more hopeful trade rhetoric November 21, 2019 at 10:29AM
Treasury yields climb higher as European equities, US futures pare almost all of their earlier losses today ForexLive Bond yields are at their highs for the session while we’re seeing European stocks […]
Investors Fear Colombia Could Join Latin America’s Year of Rage
November 21, 2019 at 10:09AM Investors Fear Colombia Could Join Latin America’s Year of Rage Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/investors-fear-colombia-could-join-latin-americas-year-of-rage-2025091 Selected by fonecable.com Search Web: Investors Fear Colombia Could […]
NEWS: China reportedly invites US trade negotiators for more talks November 21, 2019 at 10:09AM
Liu He is said to have sent invitations to Lighthizer and Mnuchin last week ForexLive Continue Reading:… Search Web: China reportedly invites US trade negotiators for more talks
NEWS: OECD trims 2020 global growth forecast to 2.9% from 3.0% in September November 21, 2019 at 10:07AM
OECD with an updated forecast on the global economic outlook – 2019 global GDP growth at 2.9% (unchanged) – 2020 global GDP growth at 2.9% (previously 3.0%) – 2019 US GDP growth […]
USD grew and markets reversed down on new trade deal pessimism
November 21, 2019 at 10:07AM The situation around the trade continues to get more complicated. US lawmakers passed two bills in support of protesters in Hong Kong. Markets have taken this information […]
Canadian Dollar Forecast: USD/CAD Multi-Week Highs Under Pressure
November 21, 2019 at 10:00AM USD/CAD is printing a fresh six-week high as the Canadian dollar weakens. Markets are now starting to price-in the BoC cutting interest rates early next year, to […]
FxPro Daily Insight for November 21
November 21, 2019 at 09:48AM Market overview FX: The dollar index changed only slightly over the last 24h, remained at 97.8. Commodities CAD and AUD, as well as Chinese CNH, are losing […]
NEWS: EUR/USD buyers keep near-term control; Lagarde and PMI data in focus November 21, 2019 at 09:43AM
EUR/USD inches higher but near-term bullish bias still kept in-check for now ForexLive Buyers defended the 100-hour MA (red line) in trading yesterday to maintain the near-term bullish bias in the pair […]
PayPal CEO Hodls Bitcoin and Only Bitcoin
November 21, 2019 at 09:37AM Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan […]
NEWS: UK October public sector net borrowing £10.5 billion vs £8.6 billion expected November 21, 2019 at 09:30AM
Latest data released by ONS – 21 November 2019 – £8.7 billion; revised to £7.3 billion – PSNB (ex-banks) £11.2 billion vs £9.3 billion expected ForexLive Continue Reading:… Search Web: UK October […]
UK election : Corbyn to pledge housebuilding ‘revolution’ in manifesto … SKY
His speech in Birmingham later will take on the “billionaires, bad bosses and dodgy landlords”. Jon Craig Jeremy Corbyn is launching Labour’s election manifesto with a scorching attack on the “establishment” and […]
Brexit Briefing: Scottish Independence Climbs the Election Agenda

November 21, 2019 at 09:00AM GBP price, Brexit news and analysis: The issue of independence for Scotland has become a major factor in the UK General Election campaign this week as the […]
FOMC Minutes Say the Fed Will Pause on Interest Rates, But Economic Data Suggest Further Cuts Likely
November 21, 2019 at 09:11AM “Most” Federal Reserve members believe they are done lowering interest rates, provided that the economy continues to progress toward broadly stated targets, the minutes of the latest […]
NEWS: German exports to the US reportedly jumped in Q3 despite trade tensions November 21, 2019 at 08:58AM
Reuters reports, citing data from the Federal Statistics Office Digging more into the data, exports to France increased by 3.1% y/y while sales to China nearly stagnated in Q3 – a slowing […]